The essence of the challenge to develop results-oriented institutions through Performance Based Management(PBM) lies in the effective application of three key elements – clearly define the mission and desired outcomes; measure performance to gauge progress; and use performance information as a basis for decision making. This is precisely what this paper intends to do – guide the readers through the PBM model, provide “food for thoughts” to key stakeholders and encourage debate among top institutional leaders and actors on the model.